China Financial News

31.10 / 14:51

Manufacturing China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods.

31.10 / 14:17

applications Banks avalanche This platform has just taken a big step to becoming a true crypto super app

An app that cuts out middlemen and mediators to put the power of personal finance in your hands has unveiled a major upgrade.

31.10 / 07:57

cryptocurrency Hong Kong proposes allowing retail trade in cryptocurrencies

Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help it rebuild its fintech hub status.

29.10 / 07:13

Manufacturing Enterprise Walmart An American Helped Build a Business Inside China. Clients Want Him to Leave.

It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling tools and kitchen products elsewhere. He knows it isn’t going to be easy.

28.10 / 16:55

UPS Billions pulled from Chinese bonds amid yuan slump

Foreign investors’ sales of Chinese yuan-denominated bonds picked up again in September, official data showed, reflecting continued pessimism over China’s economic outlook and the prospects for its currency.

27.10 / 20:47

COST Digital Cooper Platform UAE Central Bank Completes First CBDC Payment Transaction

The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners included the Hong Kong Monetary Authority, the Bank of Thailand, and the Bank for International Settlements, the institution said in a statement.

27.10 / 16:15

Arthur Hayes bull market Billionaire Arthur Hayes Says Bull Market Will Return When This Happens

Arthur Hayes, a prominent American banker, entrepreneur, and former CEO of crypto derivatives giant BitMEX, has speculated that the next crypto bull run will kick off when China eases its stance toward the crypto market.

27.10 / 10:35

Health European Union film Fears that Russia may once again block Antarctic marine protections amid ongoing war in Ukraine

Concerns are growing that Russia could once again use its veto-like powers to block new marine protected areas and rules to prevent overfishing in Antarctica's waters.

27.10 / 07:37

business BitMEX Bitcoin Hong Kong could be key for China’s crypto comeback: Arthur Hayes

Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this process.

26.10 / 23:33

Adoption wholesale BIS releases full report on mBridge wholesale CBDC platform after successful pilot

The Bank for International Settlements (BIS) has released the full details of its mBridge pilot project to use central bank digital currencies (CBDCs) for foreign exchange. Commercial banks in four jurisdictions made cross-border transfers using CBDCs and distributed ledger (blockchain) technology in the project, which was heralded as a success.

26.10 / 16:05

film Germany agrees to controversial sale of Hamburg port terminal

Germany has struck a compromise over a controversial move to allow a Chinese shipping group to buy a stake in a terminal at Hamburg port.

26.10 / 12:09

Cinema Deadline looms for ethnic Serbs to switch to Kosovo-issued car plates

Tensions are high over car plates between the government of Kosovo and the ethnic Serbs in the Serb-majority municipalities.

26.10 / 00:41

Government regulation Bitcoin Transactions Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

The United States Department of Justice has announced charges against two Chinese intelligence officers who allegedly bribed a double agent with Bitcoin.

25.10 / 19:09

BTC Huawei Bitcoin Two Chinese Intelligence Officers Charged With Bribing FBI Agent With Bitcoin

According to a recent filing, two Chinese intelligence officials attempted to bribe a U.S. law enforcement agent. The names of the accused are Zheng Wang and Guochun He, also known as Dong He.

25.10 / 17:07

Ethereum Stablecoin Asia Bitcoin KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto

“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested in the space or planning to do so.

25.10 / 12:05

UPS CBDC Digital Platform Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo

The Japanese credit card giant JCB is set to begin a central bank digital currency (CBDC) pilot that will intentionally make use of technology similar to that used by the central Bank of Japan in its own digital yen experiments.

25.10 / 07:41

business Ethereum Bitcoin HK HK and Singapore’s mega-rich are eyeing crypto investments: KPMG

Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor, after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so.

25.10 / 01:35

Blockchain UPS Twitter Platform Exploit FTX Exchange Users Lose Millions in Exploit – Here’s What You Need to Know

Users of the popular crypto exchange FTX have lost millions of dollars to a phishing exploit using a fake version of a website belonging to the trading platform 3Commas. However, FTX has promised to make their users whole again.

24.10 / 19:17

Power China’s Xi Jinping, Secure in Power, Faces Deepening Economic Challenges

HONG KONG—Xi Jinping has consolidated control of China’s ruling Communist Party to a degree unseen since Mao Zedong.

24.10 / 12:35

Adoption Google community Bitcoin Web3 grows in online searches as interest in Bitcoin declines: Google Trends

The global crypto community has started to redirect its interest from Bitcoin (BTC) to Web3, according to Google search trends.

24.10 / 10:25

FIVE China’s Economy Grew 3.9% in the Third Quarter

HONG KONG—China’s economy expanded more strongly than expected in the third quarter as the country bounced back modestly from crippling Covid lockdowns in the spring, though challenges remain as leader Xi Jinping consolidates control over the political apparatus for another five years.

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